Eastland Group reports $15.2 million profit in 2016

Eastland Group reports $15.2 million profit in 2016

Eastland Group today announced a record audited profit of $15.2 million for the year ended 31 March 2016. The Gisborne-based specialist infrastructure company is 100 percent owned by Eastland Community Trust. Its operations include Eastland Port, Gisborne Airport and Eastland Network – the electricity network for Gisborne, Wairoa and the East Coast – as well as… Read more »

Te Ahi O Maui drilling is underway

Te Ahi O Maui drilling is underway

Drilling is underway on the first of three wells for the Te Ahi O Maui geothermal power project near Kawerau. Following completion of this well, two further wells will be drilled later this year. Project Manager, Ben Gibson, says the drilling process will target known sources of geothermal fluid, which could be as hot as… Read more »

Te Ahi O Maui signs construction deal with Ormat

Te Ahi O Maui signs construction deal with Ormat

The Te Ahi O Maui partnership and an Israeli company, Ormat, signed a deal last week for the construction of a new geothermal power plant near Kawerau, New Zealand. The Te Ahi O Maui geothermal project is a partnership between Eastland Generation and the Kawerau A8D Ahu Whenua Trust, who are owners of the land… Read more »

Excitement brewing for geothermal project

Excitement brewing for geothermal project

Excitement is brewing across both the Kawerau township and Whakatāne district as a much anticipated project launches a new phase of development. The Te Ahi O Maui geothermal project at Kawerau is preparing to enter its first production well-drilling phase. Site works are currently underway to prepare the well-pads and later this month a well-drilling… Read more »

Waiau River recovering well near Waihi dam

Waiau River recovering well near Waihi dam

The Waiau River system appears to be in good shape following repairs to the sluice gates at the Eastland Group-owned Waihi dam, near Wairoa. The 5MW hydroelectricity station was out of operation from late last year until 23 March, following damage to the sluice gates caused by extreme weather in September 2015. The damage meant… Read more »

Eastland Port smashes previous export record

Eastland Port smashes previous export record

More than 2.3 million tonnes – mostly raw logs – was exported from Eastland Port during the past 12 months, a record that smashes the company’s previous best year. The total tonnage of 2.302 million tonnes eclipses the port’s 2014 result of 2.274 million tonnes, and is a 59,000 increase on the 2015 throughput, despite… Read more »

Influential line up announced for Eastland Group Speaker Series 2016

Influential line up announced for Eastland Group Speaker Series 2016

Last year, Eastland Group’s Speaker Series brought four influential, thought-provoking guest speakers to Gisborne: Spark’s Simon Moutter, Business Hall of Fame stalwart Dame Wendy Pye, sporting icon and Race Relations Commissioner Dame Susan Devoy, and Vodafone CEO Russell Stanners. Today Eastland Group and Gisborne Chamber of Commerce announced some of the influential leaders who will… Read more »

Eastland Group teams up with IPENZ for careers expo

Eastland Group teams up with IPENZ for careers expo

Eastland Group will team up with the local branch of the Institution of Professional Engineers NZ (IPENZ) for a combined stand at next week’s Gisborne Herald Careers Expo. The company’s chief executive Matt Todd says the expo is a chance to “help young people and their families understand the options for a career in engineering”… Read more »

Waihi dam | Sluice gate damage and repair

Waihi dam | Sluice gate damage and repair

The Eastland Group-owned Waihi dam, which sustained damage during a severe weather event in September last year, has now been repaired and will shortly resume full function as a hydro-electricity station generating enough power for 1600 homes. The damage to the dam, which is 26km north-west of Wairoa, resulted in silt being released into the… Read more »

Waihi dam sluice gates are now closed

Waihi dam sluice gates are now closed

Eastland Group has now closed the last of three damaged sluice gates at the Waihi hydroelectricity station, 26km north-west of Wairoa. The 5MW hydroelectricity station on the Waihi River has been out of operation since late last year, following damage to sluice gates caused by extreme weather in September 2015. The company’s chief executive, Matt Todd, says… Read more »